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How should you react to this conflict of interest

    Assignment Instructions

    Assignment ID: FG133233141

    Case: The Vendi Company is an umbrella organization that specializes in purchasing small insurance agencies. Vendi recently purchased Trico, a medium-sized insurance agency in South Florida.

    The problem is that Vendi believes that Trico deceived Vendi by listing many junk insurance policies as assets in pre-acquisition reports. Vendi is now suing the seller of Trico for civil fraud and breach of contract.

    Vendi has hired you as a testifying expert. You conduct your investigation by personally verifying a sample of 1,000 policies that should have been acquired from Trico. You find that a full one third of the policies expired in the middle of the year and were not renewed. This led to a misleading picture of Trico’s future revenues, and the result was that Vendi substantially overpaid for the acquisition.

    You have prepared your report and are ready for the deposition. However, the evening before the deposition, you discover that your first cousin owns half of Trico.

    Question: How should you react to this conflict of interest?

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